Аsia
PayPal’s Xoom partners with Tenpay Global to offer cross-border remittances to Weixin
Market Screener, Posted April 9, 2025
Starting today, Weixin Pay users can now receive cross-border transfers from Xoom, a PayPal service and a pioneer in digital remittances. This new partnership between Tenpay Global, Tencent’s cross-border payment platform, and Xoom allows Weixin Pay users to receive money directly into their Weixin Pay Wallet Balance or bank accounts linked to Weixin Pay through Xoom or PayPal’s mobile app and website.
#
Netbank and JuanHand Announce Partnership to Enhance Lending Services
Fintech News, Posted April 8, 2025
Philippine rural bank Netbank Inc. and fintech lending application JuanHand have announced a strategic partnership today. The partnership aims to extend financial services, particularly business loans, to unbanked and underserved communities across the nation.
This collaboration between the two fintech firms seeks to empower Filipinos. They want to provide innovative lending solutions tailored to their specific personal and business financing needs.
#
Payoneer acquires China’s payment service provider EasyLink Payment
Electronic Payments International, Posted April 11, 2025
Payoneer, a financial technology company for small and medium-sized businesses (SMBs), has acquired Easylink Payment, a licensed payment service provider in China.
According to the Nasdaq-listed fintech company, this deal makes it the third foreign platform licensed to offer online payment services in China.
Payoneer CEO John Caplan said, “We serve a diverse range of companies in China, allowing them to grow their business globally.”
#
Europe
Indian Defence Review, Posted April 10, 2025
The European Union is planning a major shift in its financial infrastructure. The EU wants to free itself from the grip of global financial giants like Visa, Mastercard, PayPal, and AliPay. Christine Lagarde, President of the European Central Bank (ECB), has made it clear that Europe must develop its own independent payment platform to secure its financial sovereignty.
According to Business Today, Currently, the majority of Europe’s digital payment infrastructure is dominated by foreign players, with Visa, Mastercard, PayPal, and AliPay holding significant control.
#
Visa Announces Investment in Mynt and Expanded Reseller Partnership Across Europe
Mynt, Posted April 10, 2025
Visa has announced an expanded reseller partnership and investment into Mynt, a Swedish-founded SaaS fintech specializing in spend management solutions.
Mynt, founded in Stockholm in 2018 and a Visa partner since 2023 has rapidly grown to become a leading spend management solution provider in the Nordic region. The company offers corporate cards to over 16,000 of its business customers which, through Mynt’s platform, can seamlessly integrate with ERP and accounting systems reducing time spent on finance administration and bookkeeping.
#
Exclusive: Italy seeks $1.3 bln from fintech group ION in tax evasion probe, sources say
Reuters, Posted April 9, 2025
Italy is seeking 1.2 billion euros ($1.3 billion) from fintech group ION following a probe by prosecutors in the northern city of Bologna into alleged tax evasion over the 2013-2023 period, two people with knowledge of the matter said.
The investigation adds to a string of tax evasion cases in Italy targeting U.S. tech companies, which are also at the centre of a wider EU response to the trade war sparked by U.S. President Donald Trump’s administration.
#
Revolut to allow users to open Belgian bank accounts from May
Brussels Times, Posted April 8, 2025
The British multinational ‘neobank’ Revolut will step up its business in Belgium from next month, as new arrivals will be directly assigned a Belgian account to become the “everyday bank” for its local customers and quickly offer them its savings products.
Revolut was founded in 2015 by a British-Russian businessman and a British-Ukrainian software engineer, and was granted a banking licence (a European banking passport) by the Bank of Lithuania. This means that clients’ IBAN numbers are based in Lithuania, with the “LT” country code.
#
USA
Fintech companies caught up in tariff turmoil
Economic Times, Posted April 8, 2025
Financial technology companies like Robinhood and buy now, pay later provider Affirm have been caught in the whirlwind of President Donald Trump’s sweeping tariffs, sending shares sharply downward amid fears about worsening consumer finances.
Global markets have been battered since Trump last week introduced a new baseline 10% U.S. tariff on goods from all economies. Investors fear that the duties could lead to higher prices, weaker demand and potentially a global recession.
#
IBS Intelligence, Posted April 10, 2025
Reuters, Posted April 1, 2025
Tata Capital, the financial services arm of the Tata Group, is preparing for an Initial Public Offering (IPO) projected to raise approximately $1.81 billion (Rs15,000 crore). This strategic move aligns with the Reserve Bank of India’s (RBI) mandate requiring “upper layer” Non-Banking Financial Companies (NBFCs) to list within three years of their classification, setting a deadline of September 2025 for Tata Capital.
#
LatAm
Brazil’s Pix to Start Enabling Installment Payments in September
PYMNTS, Posted April 4, 2025
Brazil’s instant payment system, Pix, will reportedly allow users to pay for transactions in installments, beginning in September.
The new feature, Pix Parcelado, will be available to both consumers and businesses, Reuters reportedThursday (April 3), citing Brazil’s central bank.
While payers will have the option to pay over time, payees will receive the full payment immediately, according to the report.
#
Spreedly and EBANX Team to Promote Local Payments in LatAm
PYMNTS, Posted April 8, 2025
Open payments platform Spreedly has teamed with payment service provider EBANX.
The partnership, announced Tuesday (April 8), is designed to help international companies access local payment options in the Latin American (LatAm) region.
“As Latin America’s digital commerce rapidly grows, especially in countries like Brazil, Mexico, and Colombia, international companies are increasingly looking to localize their payment offerings,” the companies said in a news release. “The partnership provides a unified framework for businesses to offer payment methods like Pix, e-wallets, cash vouchers, and debit and credit cards, including local brands and installments.”
#
dLocal, Posted April 9, 2025
dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, has partnered with Cloudbeds, the innovative leader in hospitality management technology, to streamline payments for thousands of hotels and property managers in Thailand.
Thailand’s hospitality sector is a vital economic driver, with the industry projected to reach USD 1.50 billion in 2025 and grow at a CAGR of 5.67% to USD 1.98 billion by 2030. Beyond tourism, many properties struggle with fragmented payment systems and limited local settlement solutions. Outdated infrastructure, manual reconciliation, and high cross-border fees lead to delays in payments and hinder the ability to accept preferred domestic and international payment methods. These challenges create cash flow issues and increase administrative burdens.
#
